Promotion and Development (XMAU:PAD.N0000) Debt-to-Equity : 0.12 (As of Mar. 2024)

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What is Promotion and Development Debt-to-Equity?

Promotion and Development's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was MUR456.5 Mil. Promotion and Development's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was MUR1,251.5 Mil. Promotion and Development's Total Stockholders Equity for the quarter that ended in Mar. 2024 was MUR14,297.7 Mil. Promotion and Development's debt to equity for the quarter that ended in Mar. 2024 was 0.12.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Promotion and Development's Debt-to-Equity or its related term are showing as below:

XMAU:PAD.N0000' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.14 Max: 0.23
Current: 0.12

During the past 13 years, the highest Debt-to-Equity Ratio of Promotion and Development was 0.23. The lowest was 0.07. And the median was 0.14.

XMAU:PAD.N0000's Debt-to-Equity is ranked better than
79.37% of 480 companies
in the Conglomerates industry
Industry Median: 0.56 vs XMAU:PAD.N0000: 0.12

Promotion and Development Debt-to-Equity Historical Data

The historical data trend for Promotion and Development's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Promotion and Development Debt-to-Equity Chart

Promotion and Development Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.15

0.17

0.14

Promotion and Development Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.15	0.14	0.12	0.12	0.12

Competitive Comparison of Promotion and Development's Debt-to-Equity

For the Conglomerates subindustry, Promotion and Development's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Promotion and Development's Debt-to-Equity Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Promotion and Development's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Promotion and Development's Debt-to-Equity falls into.

Promotion and Development Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Promotion and Development's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(726.652	+	1251.5)	/	13939.22
	=	0.14

Promotion and Development's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(456.523	+	1251.5)	/	14297.651
	=	0.12

Promotion and Development (XMAU:PAD.N0000) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Promotion and Development Debt-to-Equity Related Terms

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Promotion and Development (XMAU:PAD.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Promotion and Development Ltd (XMAU:PAD.N0000) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

Dias Pier, Le Caudan Waterfront, 8th Floor, Port Louis, MUS

Website

https://www.promotionanddevelopment.com

Promotion and Development Ltd is an investment company. Its business activity consists of investments in shares, property development, and the supply and provision of services associated with such activities. The company's three segments include Property; rental of properties, Shares; Dividend Income; and Security: Security and property protection services and sales of equipment. The company earns majority of its revenue from security segment.

Promotion and Development (XMAU:PAD.N0000) Headlines

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